$100-$150 Oil...Just A Matter Of Time
Wait until President Biden stops tapping the US Strategic Petroleum Reserve (now at its lowest level since 1984)...a pre-election gimmick/stunt that will, likely, backfire and have major national security implications/consequences, at some point...possibly, sooner than we think.
No doubt, the price of WTI Crude Oil (CL) will skyrocket to $100, or higher...along with inflation to give Fed Chairman Powell heartburn ("Biden's scapegoat," as he's increasingly being labelled in various news outlets)...it's just a matter of time.
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Disclaimer: All of my posts (and charts) contain solely my own technical analyses/opinions/observations (which may contain errors or omissions) of a variety of markets and are ...
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